Waldron Private Wealth LLC Sells 2,298 Shares of The Walt Disney Company (NYSE:DIS)

Waldron Private Wealth LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 19.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,662 shares of the entertainment giant’s stock after selling 2,298 shares during the quarter. Waldron Private Wealth LLC’s holdings in Walt Disney were worth $929,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC bought a new stake in shares of Walt Disney during the 1st quarter valued at $1,490,492,000. Capital World Investors increased its stake in Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after buying an additional 6,084,993 shares in the last quarter. Swedbank AB bought a new stake in Walt Disney during the first quarter valued at about $493,715,000. Farallon Capital Management LLC bought a new stake in Walt Disney during the second quarter valued at about $355,673,000. Finally, Ontario Teachers Pension Plan Board purchased a new position in shares of Walt Disney in the first quarter valued at about $425,567,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on DIS. Piper Sandler started coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. Wells Fargo & Company reduced their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. The Goldman Sachs Group started coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price for the company. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Thursday, September 26th. Five investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $96.78 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 12 month low of $79.23 and a 12 month high of $123.74. The company has a market capitalization of $176.43 billion, a price-to-earnings ratio of 105.20, a PEG ratio of 1.49 and a beta of 1.40. The firm’s 50-day moving average is $92.16 and its 200 day moving average is $98.45.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Research analysts predict that The Walt Disney Company will post 4.92 EPS for the current year.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.